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because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm glad we're both running a nice, clean race. no need to get nasty. here's your "honk if you had an affair with taylor" yard sign. looks good. [ male announcer ] fedex office. now save 50% on banners. >>> their ideas are old and their ideas are bad and they eliminate the guarantee of medicare. >> here's the problem. they got caught with the hands in the cookie jar taking it out for obama care. >> those are great sound bite, but how do we get to the truth in those comments. paul ryan stuck by his proposals at the debate last night. only he said, partially privatizing medicare will not turn into a vo
because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trust him here... how could we ever trust him here? oh, hey alex. just picking up some, brochures, posters copies of my acceptance speech. great! it's always good to have a backup plan, in case i get hit by a meteor. wow, your hair looks great. didn't realize they did photoshop here. hey, good call on those mugs. can't let 'em see what you're drinking. you know, i'm...
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don't raise the deficit. don't raise taxes on the middle class. and don't lower the share of income born by the high income earners. he'll keep saying this $5 trillion plan. it's been discredited by six other studies and their own deputy campaign manager acknowledged it wasn't correct. >> let's talk about this 20%. you have refused to offer specifics on how you pay for that 20% across the board tax cut. do you actually have the specifics or are you still working on it and that's why you won't tell voters? >> different than this administration, we want to have big bipartisan agreements. see, i understand -- >> do you have the specifics, do you have the -- >> that would be the first in a republican congress. >> look at what ronald reagan and tip o'neill did. they worked together to broaden the base and lower tax rates. what we're saying is, here is our frame work. lower tax rates 20%. we raise about $1.2 trillion through income taxes. we forego about $1.1 trillion in loopholes and deductions. so what we're sayg is s >>et to lower tax rates across th
don't raise the deficit. don't raise taxes on the middle class. and don't lower the share of income born by the high income earners. he'll keep saying this $5 trillion plan. it's been discredited by six other studies and their own deputy campaign manager acknowledged it wasn't correct. >> let's talk about this 20%. you have refused to offer specifics on how you pay for that 20% across the board tax cut. do you actually have the specifics or are you still working on it and that's why you...
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federal deficit topped $1 trillion for the fourth year in a row. the numbers $1.1 trillion in red for fiscal year 2012 which just ended. that is $207 billion less than the previous year. government spending fell 1.7%. tax revenue rose 6.4%. higher gasoline costs drove wholesale prices up. dow broke two-day losing streak. >> disseption in ranks of the "new york times" over the libya story later in the grapevine. up next, the still unreleased video of the benghazi attack. what does it show? [ male ann] the rhythm of life. [ whistle blowing ] where do you hear that beat? campbell's healthy request soup lets you hear it... in your heart. [ basketball bouncing ] heart healthy. great taste. mmm... [ male announcer ] sounds good. it's amazing what soup can do. stop! stop! stop! come back here! humans -- we are beautifully imperfect creatures living in an imperfect world. that's why liberty mutual insurance has your back with great ideas like our optional better car replacement. if your car is totaled, we give you the money to buy one a model year newer. c
federal deficit topped $1 trillion for the fourth year in a row. the numbers $1.1 trillion in red for fiscal year 2012 which just ended. that is $207 billion less than the previous year. government spending fell 1.7%. tax revenue rose 6.4%. higher gasoline costs drove wholesale prices up. dow broke two-day losing streak. >> disseption in ranks of the "new york times" over the libya story later in the grapevine. up next, the still unreleased video of the benghazi attack. what...
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but also revenue for folks who are doing very well to help reduce the deficit. because if you don't have one penny more from very wealthy people it means you sock it to everybody else. seniors on medicare pay more. less investment in our kids' education. and that's exactly the romney/ryan budget does. itzhaks it to the middle class and seniors, in order to give these tax breaks to very wealthy people. >> what do you think of the job martha raddatz did? >> i think she did a very good job. never made herself the center of the debate. >> she started off very strong with benghazi. want to play a little bit about what the vice president said about security in benghazi. >> well, we weren't told we want more security. we did not know they wanted more security. >> explain that to me. a lot of the testimony was, in fact, the, the, the government did know. that, that, that the state department was well aware that there were requests for security. doesn't that completely contradict exactly what we just saw in i think it was wednesday's testimony? >> what the vice president
but also revenue for folks who are doing very well to help reduce the deficit. because if you don't have one penny more from very wealthy people it means you sock it to everybody else. seniors on medicare pay more. less investment in our kids' education. and that's exactly the romney/ryan budget does. itzhaks it to the middle class and seniors, in order to give these tax breaks to very wealthy people. >> what do you think of the job martha raddatz did? >> i think she did a very good...
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>> here's paul ryan criticizing the stimulus package, how terrible it was, deepening the deficit. then he makes personal requests for his own congressional district. that's a matter of record. i don't think paul ryan looked very good at the end of the day. he believed that stimulus plan was going to create jobs. that's exactly what it did. >> senator, this is ed. i don't know if pressure is the right word or not, but joe biden went in to this debate tonight. he had to accomplish something that maybe wasn't done in last week's debate. you being a veteran of the senate, i know you've known joe for a long time. was there any doubt in your mind that he was going to come out and clear the plate tonight for the middle class? >> no, there wasn't. i didn't want to trump it ahead of time and say it's going to be a great debate for joe biden. you play down a little bit or don't get carried away. i knew when he gave him this assignment and said, joe, you're going to carry this flag into battle, he couldn't wait to get prepared for it. he did great. what's interesting, the republicans around
>> here's paul ryan criticizing the stimulus package, how terrible it was, deepening the deficit. then he makes personal requests for his own congressional district. that's a matter of record. i don't think paul ryan looked very good at the end of the day. he believed that stimulus plan was going to create jobs. that's exactly what it did. >> senator, this is ed. i don't know if pressure is the right word or not, but joe biden went in to this debate tonight. he had to accomplish...
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get this deficit and debt under control to prevent a debt crisis. make more things in america and sell them overseas and champion small businesses. don't raise taxes on small businesses, they're our job creators. >> they get out of the way. if they get out of the way and let us pass the tax cut for the middle class and make it permanent. they get out of the way and let us allow 14 million people who are struggling to stay in their homes because their mortgages are upside down but they never missed a mortgage payment. >> ali velshi is our chief business correspondent. ali velshi, welcome back. unemployment below 6%, to quote you, in your op-ed on cnn money, no more bs, please. care to extrapolate? >> right, so let's put the unemployment number aside for a second. that is a nonpartisan number, that's congressional budget office they say if nothing changed, we would have an unemployment rate of about 6.3% by the end of 2016. the end of the next presidential term. but as we have learned in the last week, the unemployment rate measures different things.
get this deficit and debt under control to prevent a debt crisis. make more things in america and sell them overseas and champion small businesses. don't raise taxes on small businesses, they're our job creators. >> they get out of the way. if they get out of the way and let us pass the tax cut for the middle class and make it permanent. they get out of the way and let us allow 14 million people who are struggling to stay in their homes because their mortgages are upside down but they...
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i got to ask why what he called the massive deficit we have un-american, and the deficit spending has been just outrageous under republicans and democrats. why, when that was the case, he spent $90 billion sending money to green energy companies owned by friends and contributors of his. and we heard what he had to say or not say. i think we boil it down to this, he said more recently look, you can't change washington from the inside, you have to change it from the outside, we're going to give him that chance on november 6th. [ cheers and applause ] now, there were a couple places where we agreed. we agreed that we would take this country in very different directions. he points out that, actually it was the vice president that blurted out the truth, that they're planning on raising taxes by a trillion, but it's more like 2 trillion with the obama care taxes. there's no question that their spending and interest on the debt they amassed will do what one recent study showed and and that is cause them to raise taxes on the middle class. and i make this commitment to you, under no circumsta
i got to ask why what he called the massive deficit we have un-american, and the deficit spending has been just outrageous under republicans and democrats. why, when that was the case, he spent $90 billion sending money to green energy companies owned by friends and contributors of his. and we heard what he had to say or not say. i think we boil it down to this, he said more recently look, you can't change washington from the inside, you have to change it from the outside, we're going to give...
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something that would not add to the deficit, they say. here's -- let's listen to paul ryan saying that. >> you can cut tax rates by 20% and still preserve the important preferences for middle class taxpayers. >> not mathematically possible. >> it is mathematically possible. >> they have been arcing about this for months now. the non-partisan tax policy center says given the information that is available from the romney/ryan campaign it is not possible to cut tax rates as much as you'd like without eliminating deductions that may hurt the middle class. specifically, you can't do this without changing rules on capital gains taxes, dividend taxes and the romney campaign has said they will not do that. you cannot cut taxes and keep the middle class deductions and can't cut taxes and keep lower rates on capital gains. now the romney campaign has said, look, we would work with the congre. we would -- we can't tell you what exactly it would look like because we'll work with the congress but the tax policy center says it can't be done. given what
something that would not add to the deficit, they say. here's -- let's listen to paul ryan saying that. >> you can cut tax rates by 20% and still preserve the important preferences for middle class taxpayers. >> not mathematically possible. >> it is mathematically possible. >> they have been arcing about this for months now. the non-partisan tax policy center says given the information that is available from the romney/ryan campaign it is not possible to cut tax rates as...